Salty
Short

Descending triangle on CHFJPY chart

FX:CHFJPY   Swiss Franc/Japanese Yen
35 0 2
A descending triangle has just formed hinting for a continuation of that bearish trend . According to fundamentals the swiss franc is facing a very weak period with surprisingly low retail sales data, compared to japanese yen             benefiting from a positive balance of payments. Price should target the first meaningful support level around 115.50.
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